iBankCoin
Joined Dec 27, 2015
198 Blog Posts

7 Ways Employers Can Assure The Best Effort From Employees

Many business owners will agree that the quality of employees hired is one of the most important determinants of business success. However, the act of hiring good employees is simply not enough to assure their productivity.

 

Business owners should accept the fact that it is their own responsibility to both create an atmosphere, and provide the tools to ensure their employees provide maximum effort.

 

The following seven tips are great for assuring that all employees of a company provide the best effort possible.

 

Environment First

The workday of many workers consists of many hours at a desk staring at the computer before them. At first glance, this may seem like a productive way for employees to perform their job duties. However, long stints at a desk without a break is a certain way to inspire a lack of motivation.

 

Employees should create an environment where employees are free to roam and unwind from the stress of their work demands. Some possible ideas are game rooms, break areas, and lounges.

 

Acknowledge Employee Value

Employees display higher morale when performing job duties for a company that appreciates their efforts. Employers can inspire their staffs by taking the opportunity from time to time to remind them that they are valuable assets to the company. After all, their value to the company was obvious from the resume provided by https://employmentboost.com/outplacement-service-costs-and-pricing/.

 

Employers or company executives should meet with workers often to discuss ideas. This will assure them that their opinions are of value to the company.

 

Add Responsibility

Repetitive tasks will eventually kill the productivity of the most motivated employee. Employees should periodically be given new tasks that will require they step beyond what was previously comfortable to them. This will prevent boredom. Adding responsibility to an employee’s workload in a gradual manner will increase the worker’s confidence and keep them engaged in company operations.

 

Transparency

Workers that are not informed about the dealings of the company they work for will begin to feel they are undervalued by their employer. Establishing open lines of communications with employees is essential to building a reliable team of workers that want to perform job duties for their employer.

 

Honesty is the key in communications with employees even when times are trying for the business.

 

Job Perks

The fact that employees want incentives to work for a company should come as no surprise. An employee incentive can be as small as a monthly award to the most productive employee or monetary compensation for reaching high-value goals.

 

It is not necessary to go overboard with employee compensation but an adequate amount of incentives should be maintained to assure the retention of top talent.

 

Attention To Needs

Periodic frustration is a fact of life. This is no different for employees with regards to their place of work. When employees have a need to express gripes or frustrations, it is important that employers be willing to listen.

 

Immediate attention should be paid to any employee that demonstrates he or she is struggling with work conditions.

 

Help Out

A business owner or manager that takes a hands-on approach to business operations are more likely to inspire the best efforts of their employees. Employees do not respond well to managers that give orders while seated. And hard work is most often provided to a leader that leads by example.

 

Employers should take the time to understand the job duties of their employees and be willing to lend a hand whenever able to do so.

 

Conclusion

Talented workers are perhaps the most important asset of any business. But once this talent is acquired, it is the responsibility of the business owner or managers to keep them motivated to perform their best work. The seven tips in the above article are a perfect place to start for business owners looking for ways to assure the best efforts of their employees.

 

Comments »

Nine Tips for Changing Your Unhappy Life

unhappy life

If you are happy with your life, I applaud you and urge you to continue doing what you are doing. It is incredible to feel that way, I am so happy for you! This article is for anyone who doesn’t feel that same way. If you don’t feel happy right now, something has to change.

First things first; decide what your priorities are. What is most important to you? Is it your religion? Your family? Your degree? Whatever it is, your decisions must revolve around keeping your priorities straight. Now, with that in mind, here are nine tips to help you change your life.

 

Tip 1: Journaling Your Thoughts

You may have kept a diary as a teenager so that you could cope with your overwhelming adolescent emotions, but you can also do this as an adult. Buy a journal or diary where you can write down your thoughts each day. You may want to create a list of goals in your journal each morning. Alternatively, you might want to write in your diary each night. Whatever works best for you!

 

Tip 2: Consider Your Spirituality

It might be a good time to turn to spirituality. The concept of spirituality is different for everyone, and it might include attending traditional religious services, or you might want to seek alternative types of spirituality. You can find books and DVDs about spirituality at your local public library, or online. Many religions will even deliver a free Bible right to your door.

 

Tip 3: Set New Goals

If you feel like you’re not accomplishing enough in your life, try setting some new goals. Forget about New Year’s Resolutions – those rarely come to fruition. Set some SMART goals that can really be accomplished, and work hard to achieve them.

 

Tip 4: Daily Physical Activity

When you are living a sedentary lifestyle, it will change your body’s chemistry, affecting your mind. Less energy one day leads to even less the next. Find a way to enjoy additional physical activity on a daily basis by joining a local gym or getting involved in amateur sports. The first week or two might leave you feeling really sore, but that soreness will soon pass and become invigorating.

 

Tip 5: Lose Some Weight

If you are at a healthy weight, disregard this. There is a difference between being a healthy, plus-sized human and being obese. Obesity causes a myriad of health problems, and while eating a healthy diet and exercising can help you to lose weight, it is not always enough. You might want to consider getting a weight loss procedure, such as a gastric balloon. Stomach balloons are inflatable items that help the stomach to feel fuller so that you don’t want to eat large amounts of food. Pair that with some health coaching, and you’ll be on a good track.

 

Tip 6: Move to a New Location

If you love the snow, then you shouldn’t live in a warm climate year-round. Alternatively, if you despise cold weather, long winters will make you feel terrible. Moving to a new location may seem frightening, but it is one way to change your life completely. Also, it gives you the opportunity to start fresh in a new place with new people.

 

Tip 7: Begin to Socialize More

Rather than staying home most of the time, you can begin to socialize more by getting involved in community activities or enjoyable group hobbies. Look for clubs that you can join to learn about birds, postage stamps, or genealogy. Create a book club so that you can invite friends to your home to talk about the newest novel.

 

Tip 8: Avoid Accumulating Possessions

If you have a house filled with electronic gadgets and other items, then it is time to reduce the amount of possessions that you own. You may have gone into debt to pay for all of these things because you wanted to fill an emotional void, but by getting rid of the clutter, you can begin to focus on the items that really make you happy.

 

Tip 9: Change Your Career

When you are in a job that you hate for several hours a day, it can begin to drain you emotionally. Allowing work to cause you anger, anxiety, and depression is not okay. The career path that you selected when you were younger may no longer fulfill your needs, so you should think about your other employment options.

Comments »

How to Track Stock Market Changes

The stock market is something that is always on the mind of a professional. Its ups and downs can make or lose millions of dollars for those who invest. The question on everybody’s mind is “How can I predict what happens next?” Those who can predict the stock market can take full advantage of that skill use it for their benefit. Those are the people who are making millions off their stock market investment. To help you learn the skills needed to predict the changes, here are the first 4 steps to get you started.

  1. Make a Spreadsheet to Get Thing Organized

When you think of a professional, you think of spreadsheets. So to get things started, you’ll need to make a spreadsheet. It will help you keep the information organized and help you to predict future trends. If you’ve been using Docstoc and you need an alternative, here are some Docstoc alternatives to get you started. Stocks can be messy and if you want to be accurate at predicting what will happen next, you will need to be organized and have your trends mapped out on some sort of paper. If writing it by hand works better for you, then go for it!

Another perk of having it written out is that writing helps you remember and process information. By writing or typing the information you learn about the stock market your brain will be able to work through a situation faster.  

  1. Take a Look at the Low Priced Stocks

Now, record stocks that are lower priced. The tendency is to buy into a stock after it’s been on the rise for a long period of time. However, this isn’t always a good move. Think about what happened with Bitcoin (although it isn’t a traditional stock). Bitcoin’s prices soared to $20,000 per coin and people started buying in for their first stock at its high price. The cryptocurrency dropped suddenly and without warning. Those who invested after the initial rise lost significant amounts of money. Moral of the story, don’t invest when a stock is too high. To predict the rise or fall, play safe and avoid the high stocks. Instead, look at the new stocks. They have much more buying potential.

  1. Let the Top 500 CEOs Make the Decision for You

If you had $1,000 to spend on stocks, would you just go for it or would you let the top 500 CEOs make that decision for you? Of course, you would let the top dogs invest your money. The best way to “predict stocks” is to invest in the market as a whole. In general, stocks will trend upward. Invest money in the S&P 500 which is the top 500 companies worldwide. The investment makes a guess that the market will do what it has always which is that it will eventually go up.

  1. Watch General Trends (Especially on Reddit)

Trends will give a lot away when it comes to the stock market and Reddit has a surprising amount of accurate guesses. This happens because one person will post a guess and the next comment will critique it then the next will critique. The process goes on and on until the final product is a rough sketch on what the stock market could be doing next. If you hear one rumor, don’t believe it right away. If a lot of people are saying it, then follow up with it. The reason behind that is that if a lot of people are saying that a certain stock is about to crash, all those people are pulling their money out. When they pull out their money, it inevitably will cause the crash. Sadly, it can be a self-fulfilling prophecy but it’s best to listen to it instead of getting caught off guard.

All anyone wants is for their money to increase instead of decrease. If you’re not familiar with the stock market then you could be preparing to lose substantial amounts of money. But if you’re willing to invest your time into the stocks as well as your wallet, then you could be making out with more than what you started with.

Comments »

What To Consider Before Investing In Tech Startups

startup investing

Most pundits christen it as the ultimate gamble. It is also the fodder for the future. The returns can be ridiculously sweet if you hit it big. I’m talking about technology. Most of the top 10 biggest tech giants are barely 20 years-old. Within that time, they have turned modest investments into billion-dollar conglomerates.

Each of these tech giants will tell you of a very charming story of how they bet on the idea of the future. What most of them will never tell you is the number of similar startups that have since exited the market since they started. Before you activate that gallant mode, here is what you need to consider.

 

Understand the risks

Even experienced venture capitalists don’t have a perfect record. Most of them will be comfortable with anything above 50 percent. It means, for every $100 they invest in startups, $50 would land in a furnace.

Another statistic worth mentioning is that at least nine out of 10 startups close shop within the first five years. Half of those firms go down due to poor business strategy. Technology catches others napping and whitewashes them.

The risks are grievous. Unlike established companies that can shed some of their value then recover, once a startup closes shop, that is the end of the music. It doesn’t matter how much you have invested.

 

Know the law

When it comes to investing in startups, only wealthy people were able to invest. However, since the passing of the JOBS Act, almost anyone can invest. However, you must qualify to do so. The qualification is simple, an annual income of at least $107,000 or a marching bank balance.

At that level, you will qualify to invest $2,200 or 5 percent of your annual salary. As you work your way up the income ladder, you can invest more. To invest, you can invest in companies that SEC and FINRA clear for debt or crowdfunding.

However, an SEC or FINRA clearance is not a guarantee that the startup will succeed. Their role is to ensure that the companies are in legitimate business. You have to do your due diligence before you invest.

 

Get in your industry with your money

It is not mandatory to invest in tech firms targeting your area of expertise. However, experts recommend that you do. Part of suave investment is to interrogate company finances, products, and methods.

If you are a doctor, can you competently interrogate a financial technology product? Maybe not! If an analytics startup tells you they have the most exciting data catalog in the market, you probably should do some research to assure they are telling the truth. But where would you do that research? My point is this: Invest in an area that you have pertinent information and knowledge. It may be a hobby or your spouse who has some connections there. However, it should be something that interests you.

 

Start at the bottom

Be realistic about your chances. Most startups take at least seven years for them to pay out their angel investors. Popular checkouts are IPOs or buy-offs. Startup investments are therefore long-term investments because it takes quite some time to get a payday.

Getting reach quickly is a possibility, but the chances of it happening in the first three years are minimal. Therefore, you will need to spread your risk by investing in several startups.

The best place to start is through crowdfunding initiatives so that you can get the hang of it. You can choose from existing platforms . Some will allow you to invest more money than others do. Some will even offer you guaranteed returns on investments.

As you grow in stature and experience, you can move on to elite levels. Who knows, one day you might become a venture capitalist.

 

Conclusion

Startups investment is for the bold. You have to hope for the best but expect the worst. Invest what you are ready to lose.

Comments »

4 Ways to Finance a Government Contracts

Government contracts can be a great way of expanding a small business. Agencies at the federal, state and county levels outsource every good and service they use. If your company is involved in goods and services, there is a chance the government might need it.

A resolution passed by the Congress requires government agencies to work with small businesses. This is meant to create opportunities for small business and level the field of government contracting. Government contracts are open to all eligible small businesses. However, most companies are unable to deliver and fulfill the contracts due to financing.

Even though small businesses seek government contracts to expand their operations, the contract can create financial problems. Some government contracts can be overwhelming for some small businesses, unless they are adequately prepared. Few small businesses consider that most government payments take between thirty to sixty days. These delays can cause a significant dent in finances. Therefore, before binding for the government contracts, the cash flows in your business should be able to handle regular expenses such as paying employees and vendors. Below are some viable ways of financing government orders.

  1. Small Business Administration (SBA)

One of the best ways small businesses can finance government orders is through SBA. It was created in 1953 to provide capital, counseling, and contracts to small businesses and entrepreneurs. The agency has several financing products suited for small and midsized companies. For instance, the microloans option can reach a limit of up to fifty thousand dollars, depending on the state. The loans are ideal for startups because they are easier to get compared to the regular bank loans. On the other hand, bigger businesses can consider the CAPline loans that extend up to five million dollars. It is important to note that SBA does not provide money directly but works with banks that are willing to underwrite the loan to small businesses.

  1. Accounts Receivable/ Invoice Financing

Small businesses can finance government contracts through account receivable financing and invoice factoring programs. These types of funding allow firms to use receivables such as outstanding invoices to get finances. The financing options are advantageous to small businesses because they are flexible and easier to get, especially when government contracts are involved. Setting up the loans can take less than two weeks depending on the lender.

  1. Purchase Order Financing

Purchase order (PO) financing is a type of funding for businesses that are unable to meet purchase orders due to lack of funds. Small businesses can use a PO financing program to cover the supply cost associated with government contracts. Sometimes the program is an advanced solution and does not cover the entire amount involved. However, in some cases, the company can qualify for full financing. Unfortunately, PO financing is only suitable for wholesalers who resell products. Also, most financing institutions prefer orders that have higher profit margins.

  1. Supplier Financing

This type of funding is suitable for manufacturing companies and distributors. Small businesses with government purchase orders can take advantage of this financing to pay their suppliers. Unlike other financing options, supplier financing can help to expand the financial capabilities of a company. Also, it is compatible with other financing solutions such as account receivable.

There are many lending institutions such as pool loan companies that provide contract financing to small businesses. Government contracts are guaranteed even though they are not paid immediately. The lending institutions offer advance money to firms that are in contract with the government for day-to-day operations before payments are initiated. Unlike conventional financing, contract financing is designed to help businesses that require advance funds on ongoing contracted work.

Comments »

Ways to Take Your Online Business to the Next Level

Maybe your online venture has reached fullest earning potential. It could also have sustained its highest profit for the past few years, and nothing seems to stop it. You could also have upheld the best business practices to increase the efficiency of your online venture and optimize its sales. If so, the next goal is to take it to the next level. However, nothing dictates how much success online retailers can achieve with their ventures. Whether it’s an online casino game, an e-commerce site, or affiliate blog, online retailers can use certain techniques to generate higher sales than before. Here are ways e-retailers can take their online ventures to the next level.

 

Marketing Automation

Perhaps you’ve built your successful online venture from scratch. However, although its fruits are noticeable, the process has been arduous. As such, business owners need to look for new ways to maintain the level of their success and focus on hitting their goals. Entrepreneurs with a lot of tasks on their plate might find it challenging to achieve this, and that’s when a marketing automation tool comes in. Automated marketing tools such as subscription management software let marketers and advertisers send sequence emails to their customers and subscribers and manage their subscriptions. You can also use marketing automation tools to send messages across social media networks, provide SEO suggestions, and create blog posts. All an online trader needs to do after automating their processes is to tweak them and gauge their performance to improve the results of the campaign.

 

Conversion Rate Optimization

One of the concerns that every marketer has is their site’s conversion rate. Online traders get most of their sales from transactions made on their web pages. Of course, every marketer wants all their web visitors to convert into customers. However, there are many factors that internet users consider before they subscribe to your services or products. Fortunately, marketers can use conversion rate optimization to analyze user behavior and tweak their pages to identify factors that make visitors leave the page abruptly or abandon their carts.

 

Influencer Marketing

Influencer marketing is a technique that lets online marketers tap into the followers of a brand ambassador in their respective industry or niche to raise brand awareness and drive more traffic to their sites. Followers are more receptive to what their influencers tell them because their relationship is built upon trust.

 

VPS Hosting

Of course, startup owners prefer a shared hosting over a premium one so that they can minimize their costs. However, online marketers should be aware that they need a premium hosting such as VPS hosting to avoid alienating their customers. You can use the hosting to send information to the visitor’s browsers to make it easier for them to view it on their end. A premium hosting can help keep up with massive data pools once your site picks up traffic, and also enable it to break and go offline automatically once the traffic becomes too much to handle. However, marketers may need to consider moving to the cloud if this problem keeps recurring so that they’re able to maintain their business momentum.

 

User-Generated Content

It’s an excellent idea for marketers operating within a vibrant business community to mobilize other members to help them create marketing content. User-generated content can be in the form of social media posts, reviews, testimonials, and submissions. You want to mobilize entrants and existing customers to help you create content that can be useful for your online business. The primary benefit of user-generated content is that it lets online marketers work with their audiences, which helps deepen their relationship with them. Doing so is crucial for a business that has overgrown and gotten out of hand. One of the best ways to keep in touch with your target audience is to involve them in developing your content. User testimonials can help an online business to improve its conversion rate since most customers make purchase decisions based on peer recommendations.

Comments »

Legal Considerations When Starting a Business

Every entrepreneur aspires to launch a business that will lead to long-term success. Legal requirements are a critical element to consider when starting a business. However, most people are willing to risk it all by starting a business without following the legal process. Apart from having a viable business idea and a good plan, there is a variety of legal issues that you need to put into consideration. Below are some legal concerns you need to address before starting a business.

 

  1. Business structure

The first step in establishing a business is determining the legal structure. Some of the most common legal structures include partnership, sole proprietorship, etc. There are certain factors that you will need to consider when selecting the business structure. For instance, the amount of control you intend to have. The legal structure determines the type of license and permits to acquire and also tax considerations.

 

  1. Agreements

Apart from the sole proprietorship, most of the other legal structures require agreements to stipulate the rights and obligations of the parties involved. The agreement should contain a non-compete clause that prevents the sharing of sensitive information to competitors. Additionally, it is also essential to include a buy-sell provision that indicates the procedures for distributing interest of the parties involved. This ensures the business continues even if one of the partners departs. Also, a business that deals with vendors should consider non-disclosure agreements to prevent sharing of information to third parties.

 

iii. Intellectual property

If your business is involved with new products and ideas, you should consider intellectual property protection through patents, trademarks or copyrights. The US Patent and Trademark Office (USPTO) was established under the Department of Commerce to issue patent and register trademarks.

 

Patents and copyrights provide the business with the rights to use the products and services. In the event of infringement by other individuals or businesses, you can file a lawsuit in the court of law.

 

  1. Employment law

Employees provide a critical role in the success of the business. Therefore, business owners should familiarize with the various rules regarding employment. For instance, the Civil Right Acts of 1964 indicate that it is illegal to discriminate against employees based on color, race, gender or religion. Additionally, the Employment Act makes it illegal to discriminate against employees above 40 years. Also, the Americans with Disability Act protect individuals living with disability from discrimination and harassment in their places of work. Other employment laws include medical leave, equal pay, etc. Employers must also comply with wage and hour laws when compensating employees. For instance, the Fair Labor Standards Act stipulates a minimum wage of $7.25 per hour and even over time. Every state has laws regarding minimum wage

 

  1. Liability lawsuits

Most brick and mortar business are faced with liability lawsuits from customers, vendors or even employees. As a business owner, you have the responsibility of taking care of everybody in the premise. Accidents are inevitable and can occur due to wet floors, broken stairway, etc. Therefore, it is necessary to protect your business from lawsuits by obtaining liability insurance. The insurance company handles compensation of the victims on your behalf and also caters for the legal fees in case of a lawsuit.

 

In conclusion, due to financial constraints, most entrepreneurs are tempted to ignore legal issues when starting a business. However, they only consider help when trouble arises. An attorney will help you with the all the necessary legal documentation and advice required to start a business.

 

For entrepreneurial legal services, contact utah trademark attorneys. They will help you properly start your business and navigate all legal hurdles.

 

Comments »

Don’t Make a Business Decisions Without Collecting Data First

We are living in a world that is currently dominated by information. We are in the information era, and we are currently operating in the Big Data Economy. Previously, real estate was a big factor in determining the success of businesses, but we are now confronted by a virtual reality that does not allow corporates to grow without any online presence. Some of the fastest growing companies today are analytics companies, and they thrive because of the value they offer businesses in terms of insight, profit maximization and opportunity scouting. The internet is for everyone, but it is not the only source of data and analytics. Every business generates plenty of data that could potentially shape its future for the better. In a world where business acumen stands no chance against the power of insightful data, the strongest indicator of business intelligence and acumen is the will and skill to collect and use data for future profitability.

 

Navigating the Sea of Information for Business Management

It is quite impossible for individuals to navigate the earth’s land surface thoroughly. It is too wide, and most adventurers always had to narrow down their travels to certain niches that satisfied their curiosity. The entire land mass occupies only 29 percent of planet earth’s surface. Therefore, you can tell just how impossible it is for anyone, no matter how skilled or passionate, to sail across the five seas and the seven oceans. If it were possible, would it even be worth it? Well, perhaps it would be for academic reasons, but business people will always have the need to focus their time and resources on the particulars that present them with the prospect of profit maximization. The sea of information is definitely much bigger than the seas and the oceans. In fact, as 95 percent of the sea remains unexplored, business people should, perhaps, refrain from consuming too much information that does not concern their businesses. So, how should we use the information in our business decision making?

 

Collecting Data for Business

Every day, Businesses generate valuable data that could be used to improve their efficiency. The information comes from the clients that they serve, from the way employees conduct themselves, and from suppliers and distributors. Most companies and retailers fail to harness the power that is hidden in such information because they do not:

 

  • Store the data
  • Classify the data
  • Analyze the data
  • Apply insights from the data

 

It is true that businesses require more data than just that. However, it is common sense that knowledge acquisition always moves from the known to the unknown. Even before studying your competition and international trends, you should, first of all, study your internal processes. That way, you will learn what makes your business survive or thrive. External data cannot be very helpful if you do not have a database with which you could compare and contrast. In fact, this simple practice could drastically improve the internal efficiency of your operations. Moreover, it would not require you to employ advanced skills or software for web scraping and data analysis; you would only require simple tools such as spreadsheets.

 

Incorporate Data in Decision Making

Join the 40 percent of top-performing companies which use data analysis to gain insights into their decision making. How else would you know where you missed and future opportunities lie? Engage in activities that point out the gainful strategies which your competition uses to get ahead of you. However, as earlier determined, you should never be led on by data. You should always know how to use data and which data is applicable. The following are a few pointers on how to save time and money in your data analysis endeavors.

 

  1. Set targets
  2. Determine the data needed to improve operations
  3. Classify data
  4. Design easy-to-retrieve data storage
  5. Analyze data periodically
  6. Employ useful insights
  7. Train personnel and cultivate suitable company culture

Comments »

How To Invest In Real Estate Without Blowing Your Budget

real estate investing

Real estate investors have access to a range of ways to get and seal deals on a shoestring budget. If you are looking to get into real estate, here are a few incredible ways to find deals and partner with people who can help you begin without blowing up your bank account.

 

Driving for Dollars

You need to keep your eyes open the next time you’re walking down the street to see properties that are for sale. You can be lucky to find a deal with a property owner instead of transacting with a realtor. A building may not be open for sale today, but the owner might decide to sell it a few weeks later, so make a note of any property you come across. They can be buildings that look like are in need of repair or have bushes and trash in the yard. You can reach the owner of these properties either by checking their contacts with the local municipality or knocking on their front door. The local authority can use their address and tax bill to help you reach them. Either way, contact them and ask if they have an interest in disposing of their property or are aware of someone that may sell their home. Don’t worry if they are annoyed, it’s just a question.

 

Expired MLS Listings

Real estate investors need to incorporate creativity in their approach to getting started even on a limited budget. You no longer have to spend millions of dollars on an extensive direct mail campaign as there are many other ways to find financiers. Finding an expired listing is one of the ways that allows realtors to invest in properties that have been on sale for a long time. Sellers can list their homes with a realtor for a specific period, but if they don’t sell quickly enough, the listing expires and requires a re-listing. You usually have a better chance of the homeowner accepting a lower offer on an expired listing.

 

Private Money Lenders

Nearly everyone knows an investor who has an interest in the real estate world, and all is needed is to pursue them. These lenders can be a co-worker, relative, or friend that wants to venture into real estate. You can scout out several deals and ask your private money lender to back them with finances. It is a win-win situation since you don’t need any money to get started, and your partner doesn’t have to invest their effort in finding deals. You can get started by emailing everyone you know might be interested in investing in real estate. You’re likely to get a handful of responses if you send emails to at least 40 potential investors.

 

Hard Money Lenders

You don’t need to have the capital to venture into real estate business. You can find a hard money lender and ask if you could partner in a real estate deal. A hard money lender can be an individual or financial institution that lends money in its terms. Hard money lenders don’t follow traditional lending guidelines regarding down payments, assets, and credit score. Each hard money lender has unique conditions, and over time their number has risen significantly. Investors supply their deals, and hard money lenders provide the funds for the transaction. Your credit score improves the more you transact with a lender. You can ask a mortgage broker, real estate agent, accountant, or attorney to connect you to a hard money lender.

Comments »

Ways of Protecting Your Businesses data

The age of information has brought countless benefits to the world of business. Today, it is possible to use the data that your business collects from the customers to predict their likes and dislikes. When this information is applied appropriately, it can help you make marketing decisions that will improve your bottom line and also leverage the love that your customers have for your brand. However, the ability to collect and store big volumes of data also comes with its own set of challenges. Therefore, it is your responsibility as a business owner or manager to make sure that you are protecting crucial data from hacking and other forms of data breaches.

 

Identifying the most sensitive data

The first step that you have to take when it comes to data protection is to identify all the sensitive data which is connected to your business and where it is stored. The types of data that top the list of most sensitive information includes:

 

  • Any data that gives sales insights

 

  • Customer data

 

  • Financial information

 

If your customers found out that you have put them in a position where their personal information is accessible to third parties, they will most probably dissociate themselves from your business. It is also essential to note that there are legal liabilities which come with compromising certain types of personal data. Other information that you should keep secret at all times includes your trade secrets, upcoming product launches, and other crucial data.

 

Invest in the best data protection software

The second step you should take in protecting crucial data is investing top of the range data protection software. To get the best software, you need to understand the types of attacks that can compromise your data. Some of the most common ways that this can happen includes:

 

  • Virus attacks

 

  • Spyware

 

  • Ransomware, trojans, and backdoors.

 

  • Hybrids and exotic forms, worms and other forms of malware.

 

When you understand the scope of malware and the potential they have to compromise your data, you will invest in antivirus, and anti-hacking software which automatically updates itself and keeps your crucial data safe at all times.

 

Protecting data that you are uploading to the cloud

Cloud storage allows you to store large volumes of data in places where you can access it from anywhere in the world. There are many advantages which comes with cloud storage including the fact that you do not have to invest in a lot of software to make it possible and that you can access it anywhere, but it is also the easiest data to compromise. To prevent this from happening, you need cloud workload protection and related software. This is software which automates protection for all the public data uploads that you make and scans your data storage buckets for possible malware.

 

Dealing with unwanted data

The two most common forms of unwanted data for your computer include spam and all the files that you have read and deleted. Many people know that it is important to stay away from any email that looks suspicious, however, hackers have also upped their game and they are sending emails that look very much legitimate, to avoid falling prey to these, you have to think about getting spam filters so that it can be stopped before hitting your inbox. Also, when you delete files, make it a habit to overwrite them. Most of the data that may seem physically deleted will still be stored somewhere on your hard disk. This means that a criminal who understands how to recover this information can do it.

 

Other measures that you can take to keep data safe is putting in places measures to physically restrict access to data such as installing passwords and other access codes. If there are certain aspects of data protection that you do not understand, do not hesitate to consult an expert. They will help you figure out where your security is lapsing and what to do to tighten it.

 

Comments »